First Solar (FSLR) -1.8% after receiving a downgrade to Underperform from Raymond James' Pavel...

|By:, SA News Editor

First Solar (FSLR) -1.8% after receiving a downgrade to Underperform from Raymond James' Pavel Molchanov. He admits "everything has gone right" for the solar giant in April, and that its balance sheet and visibility are relatively healthy, but nonetheless thinks "shares have gotten ahead of themselves" given risks to long-term profitability. First Solar remains up 65% on the month after skyrocketing in response to its bullish analyst day guidance. Shares trade at 7.5x-11.3x the company's 2015 EPS guidance of $4-$6.